IIFCL seeks infra tag for space sector, keen to finance satellite vehicles

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The story "IIFCL seeks infra tag for space sector, keen to finance satellite vehicles" was covered 7 hours ago by Business Standard, a news publisher based in India.

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IIFCL seeks infra tag for space sector, keen to finance satellite vehicles - Business Standard

Quick Summary:

Currently, India Infrastructure Finance Company Limited (IIFCL) is providing advisory services to the Indian Space Research Organisation (ISRO) through its subsidiary IIFCL Projects Limited (IPL).

State-owned IIFCL has requested the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country.

IPL got repeated mandates from ISRO for helping them in many of their endeavours, including transfer of space satellites," IIFCL managing director P R Jaishankar told PTI.